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Global Reach
14 May 2014

Dividend recommendation

RNS Number: 0767H

OJSC TransContainer

14 May 2014

FOR IMMEDIATE RELEASE

 

JSC TransContainer

14 May 2014

 Dividend Recommendation

JSC TransContainer (“TransContainer”) (TRCN), Russia's leading intermodal Transportation equipment for shipping cargo via various means of transport. Containers are durable enough for repeated use and can be stacked. Containers are divided into medium-duty (three- and five-tonne), which conform to former Soviet Union standards and are still used for shipments in Russia and the CIS, and ISO (20- and 40-foot) containers, which are used for Russian and international shipments. The universal standard unit TEU (twenty-foot equivalent unit) was introduced to measure transport flow volumes.
container
transportation and The process of organising a chain of delivery, and managing that chain in the broadest sense. This chain may encompass both deliveries of raw materials needed for production and management of material resources at an enterprise, delivery to warehouses and distribution centres, sorting, handling, and final distribution at the points of consumption. In the context of transportation services, the main service is that of delivering cargo across a delivery route.
logistics
company, announces that its Board of Directors has recommended the Annual General Meeting of shareholders (“AGM”), which will be held on 24 June 2014, to retain the dividend payout ratio at 25% of TransContainer’s net income for the year 2013 under Russian Accounting Standards. A total dividend of RUB 1,132 million, or RUB 81.47 per ordinary share, is to be distributed to shareholders. One TransContainer ordinary share corresponds to ten GDRs.

Shareholders registered at the record date of 10 July 2014 will be entitled to receive a dividend payment following the AGM’s approval.

Enquiries:

TransContainer

Andrey Zhemchugov, 

Director, Capital Markets and Investor Relations

+7 495 637 9178

+7 495 609 6062

E-mail

IR@trcont.ru

Website

www.trcont.ru

 

Instinctif Partners

 

Tony Friend / Galyna Kulachek

+44 (0) 20 7457 2020

 

About TransContainer

TransContainer (LSE ticker: TRCN) is the leading intermodal container transportation company in Russia. It is the market leader in Russia by A specialised type of rolling stock designed to carry ISO containers.
flatcar
fleet size, container transportation by rail and rail-side A place equipped for the trans-shipment and storage of containers. A container terminal
typically includes one or more container yards. Rail-based container terminals are equipped with spur tracks for loading and unloading containers to/from railroad platforms (cars).
container terminal
throughput. As of 31 December 2013, it operated 26,305 flatcars and 62,367 containers. It owns a network of 46 rail-side container terminals in Russia, 19 rail-side terminals in Kazakhstan (through its joint venture company KedenTransService) and operates one terminal in Slovakia. Company's sales network comprises approximately 140 sales offices across Russia as well as presence in the CIS, Europe and Asia. TransContainer is listed at Moscow Exchange and LSE. Company's major shareholder is JSC Russian Railways with 50%+2 shares.

 This information is provided by RNS

The company news service from the London Stock Exchange

 END

 

 

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